Housing Starts & Permits Down in March ’23
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| The National Association of Realtors is reporting that existing home sales were down 2.4% in March to a seasonally-adjusted annual rate of 4.44 million (down 22% year over year). Click here to read more. |
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Existing-Home Sales Drop 2.4% in March
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According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,706 in March. Yardi says year-over-year growth continued its downward slide, and is now 4% nationally. Click here to read more.
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Your Guide to the Renter’s Bill of Rights – Part 5
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Recently, the Biden Administration released its Blueprint for a “Renters Bill of Rights.” As part of a 5-part series on the Rent Perfect Podcast, David Pickron and his General Counsel Denny Dobbins discuss how this blueprint can and will affect landlords today and in the future. Click here to read more.
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Boomers Overtake Millennials as the Largest Generation of Homebuyers
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Baby boomers have now surpassed millennials and to make up the largest generation of home buyers, according to data from the National Association of Realtors. Click here to read more.
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Airbnb Hosts Generated over $2 Billion in Tax Revenue in 2022
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Airbnb says they’re the largest collector and remitter of tourism taxes by short-term rental platforms in the world. According to a company release, Airbnb says it has collected and remitted more than $1.9 billion in tourism taxes across all 50 states in the US (including D.C. and Puerto Rico). Click here to read more.
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Local Market Monitor’s National Economic Outlook for April ’23
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Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here to read more.
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The U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) increased in 46 states (and D.C) in Q4 of 2022. Click here to read more.
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Top U.S. Counties with Highest Effective Property Tax Rates
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According to ATTOM’s 2022 Property Tax Analysis for 87 million U.S. single family homes, $339.8 billion in property taxes were levied on single-family homes in 2022. That figure is up 3.6% from 2021, and more than double the 1.6% growth in 2022. Click here to read more.
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The Federal Government Wants to Micromanage the Nation’s Housing
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A recent and quite prescient essay by Ethan Blevins with the Pacific Legal Foundation says the federal government wants to micromanage the nation’s housing. Click here to read more.
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Have you made a positive difference to our communities and society at large?
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National REIA is proud of our association’s and their member’s contributions to their communities. We promote a spirit of “giving back” throughout our industry. Real Estate Investing has enhanced our lives and given us success so our mission to positively impact our communities is at the core of what we do.
If you have a great story of how you have made an impact in your community or you have a member that has done amazing work to contribute, please take a moment to submit the story to Caleb@nationalreia.org for inclusion in our publications, social media, and our website. We are excited to hear how our industry and those of us in it have made a positive difference to our communities and society at large!
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To learn more about these and other important issues affecting the real estate investing industry, visit RealEstateInvestingToday.com and follow on Twitter @REI2Day.
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